Fuel Fix

More oil rigs shut down this week

Categories: Crude oil, featured, Markets
The number of U.S. rigs chasing oil fell to a total of 646 this week, according to a weekly tally by oil service company Baker Hughes.
Alan Sadler

Feds’ plan to boost biofuel targets draws fire from all sides

In trying to balance the competing interests of oil companies and biofuel producers, the Environmental Protection Agency’s proposed renewable fuel quotas for 2014, 2015 and 2016 have pleased almost no one.

(Photo: Valerie Everett/Flickr)

Former gas drilling exec charged in $9.2M scam

A former Pennsylvania gas drilling company executive has been charged with stealing $9.2 million from his company.
Categories: Legal issues
(Jennifer A. Dlouhy/The Houston Chronicle)

Gas blast at Chinese coal mine traps 22 workers

A gas explosion on Friday trapped 22 workers underground in a coal mine in western China.
Categories: Asia, Coal, Safety/Security

Oil Barrel

Oil prices down as Libya plans to resume output

Oil prices were subdued Friday amid the possibility of new supplies from the Middle East after a Libyan militia said oil terminals could reopen.
Categories: Crude oil, Gasoline
Anadarko Petroleum Corp. logo

Judge holds Anadarko’s Kerr-McGee liable

The company may have to pay as much as $14 billion related to environmental cleanup and health claims.

OSHA cites Houston manufacturer after worker struck by machine part

The agency has proposed penalties totaling $199,800 for four repeat and three serious violations, according to OSHA.
Categories: Accidents, Refining
A series of pipes direct natural gas in Bismarck, North Dakota. (Daniel Acker/Bloomberg)

Poll: Americans support more pipelines, including Keystone XL

Eight out of 10 Americans support expanding the nation’s energy infrastructure, with new pipelines and other facilities to transport oil and gas across the U.S., according to a survey released Thursday.
The Texas Panhandle sky silhouettes a Linn Energy drilling rig in Wheeler County. (Linn Energy)

US natural gas reserves rise in the global ranks

The US is now No. 12 in terms of proved oil reserves, but is quickly becoming a leader in natural gas reserves instead.
Categories: Crude oil